1188 ME-193CherryfieldME04622
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cherryfield at 1188 ME-193, Cherryfield, ME, 04622 offers a 0% rental yield on a $249,900 purchase with $0/mo rent. 93% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04622, Cherryfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 475 (38.2%) |
| Renter Occupied HU | 138 (11.1%) |
| Vacant Housing Units | 631 (50.7%) |
| Median Home Value | $167,092 |
| Average Home Value | $207,532 |
Housing Distribution
Address Breakdown
Residential
614
Single Family
614
Multi-Family
0
Businesses
45
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Listed by: N/A • Bold Coast Properties
Mls Name: Maine Listings
Mls ID: #1648749